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Still, the USA central bank is expected to raise interest rates by 25 basis points later on Wednesday, the second increase this year.

The U.S. Labor Department said Wednesday that the consumer price index edged down 0.1% last month following a small 0.2% increase in April. In the 12 months through May, the CPI rose 1.9 percent, the smallest increase since last November, after advancing 2.2 percent in April.

Looking at the actual inflation data, the figure for monthly CPI showed a 0.1% decline in May, contrasting analysts' forecasts who projected it to remain flat and the 0.2% rise from April. Core inflation, which excludes energy and food, rose a slight 0.1% in May.

While the US central bank is expected to raise interest rates by 25 basis points at the end of a two-day meeting later on Wednesday, weak inflation, if sustained, could put further monetary tightening this year in jeopardy. This rise was owing to 0.3 percent rise in rents and 0.2 percent rise in owner-occupied housing.

Economists have said they think consumer spending, which accounts for about 70 per cent of USA economic activity, will pick up in the spring and summer after a slow start to 2017.

Most retail names are down roughly 1 percent on the weaker-than-expected retail sales.

Falling prices were widespread, with declines recorded for air fares, which were down a sharp 2.9 percent, as well as medical services, clothing and new and used cars.

US intelligence contractor pleads not guilty to leaking chargeVictor has been indicted by a federal grand jury on a single count, but the government said it would likely add to the indictment. Even if you take all the government allegations as true, it's clear she is neither a threat to public safety nor a flight risk.

"With employment near its maximum sustainable level and the labor market continuing to strengthen, the committee still expects inflation to move up and stabilize around 2% over the next couple of years in line with our longer run objective", Fed Chairwoman Janet Yellen said Wednesday.

Shelter costs - which account for about a third of the overall price index - increased 0.2% on the month and rose 3.3% on the year. Further rate hikes are likely to depend on the outlook for inflation and economic growth.

The Fed has a 2 percent inflation target and tracks an inflation measure which is now at 1.5 percent.

For now, Fed officials don't appear overly concerned with the recent downward path, attributing it at least in part to one-time drops in prices for things like wireless telephone services and prescription drugs.

In the retail sales report, auto sales fell 0.2 per cent after rising 0.5 per cent in April. Unemployment in May dipped to 4.3 per cent. Over the past 12 months, food costs are up just 0.9 percent while energy prices have risen 5.4 percent.

Sales at nonstore retailers led by Amazon (AMZN) and building materials suppliers such as Home Depot (HD) have been the strongest categories, while sales at department stores such as Macy's (M) continue to bleed.

Department store sales tumbled 1.0 per cent, the largest drop since July 2016. Receipts at restaurants and bars dipped 0.1 per cent, while sales at sporting goods and hobby stores fell 0.6 per cent.

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But those efforts have been blunted by a massive boom in production by US shale operators, who have become much more efficient. Benchmark Brent crude settled 43 cents higher at $48.72 a barrel while US light crude settled up 38 cents to $46.46 a barrel.

Iman Shumpert and Zaza Pachulia went to the floor in a scrum and Pachulia appeared to hit the wingman in the groin. He had been on better behavior in these playoffs, actually trailing LeBron in the leg-kick category in Game 3.

In the poll, 69 percent of registered voters said Trump tweets too much, up 13 points from a similar survey in December . The administration could plausibly argue that the President's social media usage is performed as a private person.

Harry Kane has set his sights on becoming the permanent England captain after his heroics against Scotland . If you manage to score in stoppage time to take something from it, you go away from any game fairly happy.

Middlesbrough have confirmed Garry Monk has been appointed as their new manager. "This club ticks all the right boxes for me". Monk will get on with appointing his backroom staff, with James Beattie likely to join from Leeds.

UAE ambassador to the US Yousef al-Otaiba praised Mr Trump's leadership in the face of Qatar's "troubling support for extremism". But the states did not respond to Secretary of State Rex Tillerson's warning of humanitarian consequences.

The Election Commission will conduct the vote through ballot papers and declare the result on July 20. At the moment, there are 13 vacancies in the electoral college, which includes three MPs and 10 MLAs.

Guentzel was also the hero in Game 1 , beating Rinne to break a 3-3 tie with just over three minutes left in regulation. Bonino could not put weight on his left foot as he was helped off the ice when a shot from Predators defenseman P.K.

Nayar said that the current circumstances and the way media organisations were being attacked reminded him of the "Emergency". News outlets that run afoul of the government can lose access to officials. "You should excavate that".

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